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Board Minutes: Too Much or Too Little?
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Date: May 3 2007 |
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There is a perennial debate as to whether minutes of meetings of boards and their committees should be detailed or tend toward the perfunctory. There is natural apprehension that detailed minutes might provide fodder for opposing counsel in a legal dispute or might prove to be embarrassing to the company if read by others. This paper outlines the challenge for in-house counsel in reducing litigation risk through good management of the minuting process, plus practical steps to take in approving content and protecting privilege.
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